TECHNICAL & NEWS ANALYSIS: EUR JUMPED ON ECONOMIC DATA, BUT TRADERS WAITING TO GO SHORT

Suddenly EUR/USD gone up after better than expected data of GBP NIESR GDP Estimate and worse than expected data of  USD JOLTs Job Openings and USD Wholesale Inventories (MoM).

If the upcoming USD economic data come positive, EUR/USD may go little bit upper. But traders should wait for a suitable position to go short on EUR/USD. EUR/USD technically on short position and high voletile USD data are expected to come better. I do not think EUR/USD will cross its previous high.